The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Fleccy - that’s funny. Stupidity and delusional. In equal measures
“Well we'll see who's right in a year, or so. I was right about Sky, i'll likely be right about this too.”
Obviously, for sky to use a Virgin wholesale product, Virgin first need a wholesale product….. oh wait, VM O2 announce a wholesale product & you think you’ve been proved right.
Honestly, cracks me up.
Fleccy - no I don’t agree with your analysis. I’ve already said, debt isn’t a problem. If your business model has always revolved around too much debt & been a successful strategy, it’s not necessarily a consideration
I think I already said VM O2 are going to try and disrupt the market, financially maybe not good choices, but as a disruptor to BT’s dominance it makes lots of sense & as always you’re underestimating the reach of VM O2 networks.
A VM O2 wholesale service will not be an attempt to replace BT, it will be to disrupt BT initially and take in from there, it’s called growth…. Sadly lacking in BT’s future & part of the SP problem.
Fleccy, you’re jumping the gun again. Of course they can still buy TT. You need to research John Malone, he feeds on debt. (He’s like a big boy Drahi), who also does his best work restructuring debt.
You really need to stop going off half ****ed. & BTW all those silly comments about my research of competition, I remember say “risk” but you sensationalise & misquote to feed your delusion.
Fleccy - you shouldn’t have a handle which auto corrects, to a more descriptive name.
But of course, the below is not what you said in response.
Someone presented you with an example of their pension illustration, which was probably correct, as an example why terms, conditions and times are tough / tougher, but that doesn’t fit your agenda, so you run off to try and make facts fit your delusion…. ( be warned anyone who listens to his opinion on here, it’s what he does)
If I was a psychologist this would be the easiest diagnosis all year.
Anyway, don’t both trying to misinterpret what I’ve said to continue the delusion. I’ve realised there’s little point arguing with anyone who wilfully misunderstands everything, to keep their sense of self trundling along.
Fleecy - only an idiot wouldn’t understand that a pension payout forecast would always be based around annuity & that is exactly what you’ve had put in front of you & still you want to argue and argue and misrepresent the facts written down for you to read….
It’s not difficult is it?
I believe it. Rather than find fault in what you are saying like fleecy is, I can see you might be looking at your projected retirement in 26 years time.
Some pensions annuity are paying very low percentage of pension pot, it’s quite possible £3.5 reflects a projected pot of well over £250,000.
DC pensions converted to a guaranteed monthly payment is pretty hideous. Shopping round only makes this option less hideous.
So I can easily see this is the case & I think world would be a better, kinder place if older generations worked out an accepted conditions are tough out there for people now, much more do than when they were working / younger. Housing, pensions & other outgoings have no comparison based on “now & then”
It’s literally ridiculous to deny this.
Wetherboy - maybe you should take a breath and think about this.
Your whole argument about comparisons between pensions falls dow at
“Putting 8% of salary” into a pension and suggesting there’s no argument about reduced benefits & new employees benefits compared to what you were lucky enough to receive.
Maybe at this point you would like to concede GRS is right.
I think question still stands, pay rise one off payment is aside to the main point, being is this a benevolent offer to stop lower paid employees going under, whilst still provoking unions. The pay, no pay is just a matter of judgement for where senior management think they can pitch it.
& yes, a negotiation is where one sides asks for more than they can get & they generally meet in the middle. An all out battle between senior management, unions and staff, wouldn’t be a place to be in for either side, it would be plain silly to fall into that position by not talking or at least looking like management are trying to be the grown ups.
Hi jimtom,
Are they going ahead and paying the £1500 regardless?
If so, could read this as an attempt to just get their lower paid staff over the bump they are “allowing” to happen?
Could this one off payment be a benevolent gesture on their part, just to make sure the lower paid staff are not crucified during a manufactured crisis.
If I was trying to a) provoke unions & staff, but take care of the most vulnerable, a £1500 payment, not pensionable not in the form of a salary increase would tick all those boxes?
Jimtom, that’s not good.
Yes, agree, not good employee relations. Things I’ve read before suggests BT and unions have cooperated well, I’ve even read BT employees arguing unions have given
Too much.
Maybe my thinking has some credence, that for now industrial unrest suits senior management as defence against a takeover?
The ballot shows there are lots of employees who are not happy, that’s not god for any business or investment.
Nige - I hate the idea of food banks, I see everyone or the need for one as a massive failure, a stain on our society and the way it’s run.
I think about how using one, or needing one would make me feel & I don’t want anyone else to have to feel that.
It’s ridiculous that this country cannot provide people with the basics, even the tiny minority who might scam the system.
It’s not a couple of people stealing tins of baked beans and bread that should annoy you, it should be directed at the people who run the worlds 5th (6th) largest economy in such a way that they are needed…..
I don’t have an insight on these strikes. Apart from some of the ridiculous right wing press options puked out by some people on here & something about socialism
On one hand it seems reasonable for unions to get involved if their members are getting a bad deal, the number of employees unhappy strongly suggests that might be the case & that it’s not just about the money.
On the other hand as an investor, I don’t like seeing SP falls or the huge distraction these strikes must be presenting to the business
Is there a sensible compromise? Or have we gone beyond this now & it’s a fight to the death (for want of better words). This would seem crazy from both sides.
BT has a lot to lose here, so much of their business now involves delivering things for other businesses. This seems like a huge pressure point for unions to ficus on, knowing these businesses will have zero patience.
Hi Nige, I’m not defending anything. It’s you that has something to defend.
You are saying you want to see people in need starve, because you’ve seen some woman leave a food bank in a BMW, but you don’t know if she was picking up, distributing to someone, whether it was her car or whether it even matters, but let people starve anyway.
Does that about cover your analysis for this judgement you’re openly sharing?
The food bank is home. It’s a disgrace that we need them, but they are at home.
When I ask you to tell me if it’s someone else’s car, whether she’s picking up food for someone else etc etc etc
What I’m really saying to you is you’re coming up with some really toxic opinions & judgements about a person or situation you couldn’t possible know anything about….
For a start, in most cases people need to be referred to a food bank.